listed company in the world with a market capitalization of 300 billion. Although the management of Metamaterial believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. A video interview with both CEO's and Torchlight's Chairman will be available this week and separately announced with links provided. That equals $251.6/1.27 = $198M USD. And that's AFTER the merger definite agreement was announced. They have been investing money into research and development, IP acquisitions and scaling their operations. I could not find anyone willing to go on record. However, what the MF article doesn't seem to realize, is that the conversion of debt to equity is part of the merger agreement. META is changing the way we use, interact and benefit from light. Metamaterials CEO,George Palikaraswill be appointed CEO of the combined company, along with the appointment ofKenneth L. Riceas CFO and Executive Vice President. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. See here for a complete list of exchanges and delays. The Plano, Texas-based company traces its roots back to Pole Perfect, incorporated in 2007 in Nevada to market feminine fitness dance studios utilizing the advantages of pole dancing. There is no share available for short selling at Torchlight. You see, Metamaterial wants to list on a large US stock exchange, and to do this, its carrying out a reverse takeover with a small NASDAQ-listed US energy company named Torchlight. The original planned business combination PR, on 9/21/20, states: The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. Higher field strength systems cost much more. Torchlight will loan to Metamaterial an additionalUS$500,000, in exchange for an unsecured promissory note in substantially the same form as the 8% unsecured convertible promissory note that evidences Torchlights loan to Metamaterial ofUS$500,000onSeptember 20, 2020. It's a. $12M is about the value of a clean empty shell Nasdaq listing. Short squeezes rarely last long and Torchlight is selling shares, which is a very good scenario to take a short position. This will allow them to apply their embedded metamaterial and functional film elements with precision cast corrective lenses. There is no share available for short selling at Torchlight. If you have an ad-blocker enabled you may be blocked from proceeding. Is there a short squeeze? Therefore, the current value to TRCH shareholders is only 25% of that of Metamaterial's current market cap plus the value of TRCH's oil and gas assets. His Substack newsletter,TLV Strategist, covers the Israel business scene. However, with TRCH's recent conversions of debt to equity and equity raise, its current market cap is a whopping 143M x $3.90 = $558M. Our Tesla Roadster expertise is particularly unparalleled and our electronics lab offers advanced services including PEM repair and rebuilds, ESS Battery Pack repair and recovery, firmware upgrades, and a variety of aftermarket products. commented Ram Ramkumar, Metamaterial's Chairman. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Effectively, TRCH's business will be extracted from the Nasdaq listing and put aside into an OTC listing where it will go to "die". Disclosure: I am/we are short TRCH. and unknown risk factors and uncertainties affecting the companies, including risks regarding the ability of the parties to close the proposed transaction, the ability of the parties to raise necessary equity capital, approval of the transaction and continued listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder approval and required third party and regulatory consents, the risk that Torchlight may not be able to dispose of its oil and gas assets on favorable terms or at all, risks related to the technology industry, market strategic and operational activities, and managements ability to manage and to operate the business. Torchlight also announced that it implemented a 1 . Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. It has gone up significantly since the merger announcement. Which will lower the costs and mass of self-driving vehicles. I view Metamaterial as an interesting startup in a rapidly growing sector, whose valuation has soared due to a short squeeze at Torchlight. The Global Cleantech 100 is an annual guide to the leading companies and themes in sustainable innovation and features companies that are best positioned to solve tomorrow's clean technology challenges. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. This is an arranged marriage of sorts, it is the catalyst that will allow META to bring their disruptive technology to the forefront of several growing sectors, each at or near their inflection point. If the merger is approved, a shareholder with 100 shares of Torchlight would receive 100 shares of the preferred stock in the holding company and 100 shares of the new company. They are composite structures, consisting of conventional materials such as metals and plastics, that are engineered. Certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlights and approximately 48% of Metamaterials outstanding voting power have agreed to vote in favor of the Transaction, subject to customary applicable terms. Trading on the OTC, TRCH won't be able to command nearly the valuation or attention that it could on the Nasdaq. The market for metamaterials is almost non-existent at the moment but is projected to grow to $10.7 billion SAM by 2030. I think that Metamaterial is an exciting startup, but the end of the short squeeze is likely to push down its shares back to around $3 per share. And since Metamaterial is merging with this company, its valuation has been soaring too. They acquired this land at $10,471 per acre, this land was 74% proved and developed . It appears to only want the Nasdaq listing. "In order to unlock value potential from our national listing and access to the capital markets, we shifted some attention from the divestiture of our oil and gas assets to an acquisition strategy targeting proven disruptive technology companies with strong environmental, social and governance (ESG) priorities. How can investors take part in this move? The following is a summary of the key terms of the Proposed Transaction as contemplated by the LOI. I think the main risk for the bear case is a second short squeeze. The reason why the short squeeze at Torchlight is likely to end soon is because the company is taking advantage of the irrational share price increase and has launched a $250 million share offering. Torchlight and Metamaterial urge investors, Shareholders and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about the proposed business combination transaction. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including risks associated with Torchlights ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas which demand could be materially affected by the economic impacts of COVID-19 and possible increases in supply fromRussiaand OPEC, the proposed business combination transaction with Metamaterial, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). (you can quote me on this). The last major purchase in the Permian Basin was in October 2020 when Conoco Phillips acquired Concho Resources in a $9.7 BN all stock transaction, adding 550,000 acres in the Permian basin and 200,000 b/d. "I am excited to work with them and equally excited about the outcome for our faithful Torchlight shareholders. META shall appoint the 5 remaining members of the Board, which members must include the required number of independent members to maintain the NASDAQ listing requirement. We are very excited to sign the definitive agreement with Metamaterial, statedJohn Brda, Torchlights CEO. Torchlight announced Friday that its. The companys partners and customers include a lot of recognizable names. They just received a 10m loan from Torchlight to continue this expansion. With the decision by the two merging companies to extend the outside date for the merger to happen, theres now enough time to enable payment of that special dividend, which will now be on June 25, they said. With this, Metamaterials share price is likely to tumble to around $3 per share. NASDAQ is the worlds premier technology exchange, providing us with the best platform to expand awareness of Metamaterial on the global stage and fully realize the value of our portfolio of innovative, sustainable products. commented Ram Ramkumar, Metamaterials Chairman. We are here to support any Tesla vehicle with repair services, parts, upgrades, and advanced engineering services. Metamaterial has some interesting products at the moment. Date announced Permian deal Value per acre (USD), March 2018 Concho Resources-RSP Permian $75,504, August 2018 Diamondback Energy-Ajax Resources $33,008, July 2019 Callon Petroleum-Carrizo Oil & Gas $16,547, December 2019 WPX Energy-Felix Energy $11,965, October 2020 ConocoPhillips-Concho Resources $10,471, Plunging shale acreage values may create a new Permian M&A wave 11.12.2020, 2021 Oil and Gas M&A Outlook | Deloitte US. "During the past six months the oil and gas market has softened due to the economic slowdown resulting from the pandemic," stated John Brda, Torchlight's CEO. Torchlight and Metamaterial will be combined such that at closing, the former equity holders of Torchlight would own approximately 25% of the combined company with the former equity holders of Metamaterial owning the remaining approximately 75% of the combined company. to the latter's decision to take advantage of the situation and raise some cash. META is headquartered inHalifax, Nova Scotiaand has R&D and Sales offices inLondon, UKand Silicon Valley. This discovery coincided with economic collapse of oil due to Covid crisis. The webcast link will be made available and announced shortly. Its a win-win situation for both. It also announced plans for the merger of the company to close today. At TRCH's current share price, Metamaterial would have to have a market cap of around $2B by then in order for longs to make a gain apart from any dividend. META has a growing patent portfolio with three core. Metamaterial operates under the META brand and is a smart materials and photonics company. Metamaterial shares available in Canada. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. A pending merger bought a couple of extra days, enough to ensure a special dividend is paid in time. Opening a small short position on the CSE could be a good idea. Torchlight and Metamaterial will prepare a proxy statement/prospectus for Torchlights Shareholders to be filed with the SEC. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and META does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise. TRKA Stock: Have Retail Investors Found a Gem in Troika Media Group? Opening a small short position on the CSE could be a good idea. HALIFAX, NS / ACCESSWIRE / August 5, 2021 / Meta Materials Inc. (the "Company" or "META ") (NASDAQ:MMAT . The Combined Company shall use its commercially reasonable efforts to cause the Torchlight oil and gas assets to be sold by June 30th, 2021. Following the closing of the Transaction, the board of directors of the combined company will be comprised of 7 members, one of whom is to be appointed by Torchlight, a second to be jointly appointed by Metamaterial and Torchlight and the remaining 5 to be appointed by Metamaterial. I have no business relationship with any company whose stock is mentioned in this article. I am long in TRCH at 36K shares and long in MMATF at 60K shares. We believe this Transaction provides our shareholders with the best opportunity moving forward. Is this happening to you frequently? The reverse split became effective after market close on June 25. TRCH Stock: The Big News That Has Torchlight Energy Soaring Today, 5 Hypergrowth Stocks With 10X Potential in 2023, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. Metamaterials (MMATF) and Tesla (TSLA) Rumors | Why it COULD MAKE SENSE! Financials The finances of META do not, in my opinion, create an accurate picture. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. The preferred share will provide shareholders of record, the right of participation in the net proceeds of the sale of Torchlights oil and gas assets, subject to certain holdbacks and time constraints. In 2018 META was awarded "Best New Product in Commercial Aviation" by Aviation Week Network at the 63rd Annual Laureate Awards, for metaAIR, a Laser Strike Protection solution to protect pilots from harmful laser attacks without interfering with visibility. I think the main risk for the bear case is a second short squeeze, like what happened at GameStop in March. Metamaterial ( OTCPK:MMATF) is merging with Torchlight Energy Resources ( TRCH ). PLANO, TexasandHALIFAX, NS,Dec. 14, 2020/CNW/ Torchlight Energy Resources, Inc. (NASDAQ: TRCH), an oil and gas exploration company (Torchlight) and Metamaterial Inc. (Metamaterial or META) (CSE: MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing onDecember 14, 2020of a definitive agreement negotiated at arms length for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction). While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. , the company is being covered and promoted by several channels including Moon Market, Alpha Status Stocks, DarrenJacksonTV, Trading With CJ, and Voorhees Trading. All statements in this release that are not based on historical fact are forward looking statements. These statements may be identified by words such as estimates, anticipates, projects, plans, strategy, goal, or planned, seeks, may, might, will, expects, intends, believes, should, and similar expressions, or the negative versions thereof, and which also may be identified by their context. Many of META's functional materials and metamaterials are designed to increase the efficient use of light and other energy forms. 2023 InvestorPlace Media, LLC. Oil prices are expected to rise to $80-$100 a barrel in the next six months. META has a growing patent portfolio and is currently developing new materials with diverse applications in concert with companies in the automotive, aerospace, energy, consumer electronics and. If a Definitive Agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies, in addition to the closing conditions described above. Torchlight, Metamaterial and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Torchlight Shareholders in connection with the proposed business combination. June 28 (Reuters) - Shares of Meta Material Inc (MMAT.O) gave up premarket gains to fall 20% on Monday, the first day of trading after a merger that saw the niche hi-tech materials maker swallow Torchlight Energy Resources, which was at the center of huge speculative bets by small individual traders. CTO Jonathan Waldern stated, Under a new brand name, metaFUSION, we are now applying that proven technology and other functionality directly encapsulated into eyeglasses, to compliment waveguide-based displays similar to HoloLens.. Sign up below to get this incredible offer! You can view it here. For additional information on Torchlight, please visitwww.torchlightenergy.com. However, a termination of the merger would likely a be a bad event for Metamaterial's share price, because then it would be stuck trading on the Canadian exchange and would have to find a new Nasdaq reverse merger candidate. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Orogrande Basin 134,000 acre lease 72.5% interest (97,150 net acres), the site has had several successful test wells drilled. Transformational Deal to Accelerate Growth, Scale and Commercialization of Metamaterials. About Metamaterial Inc. META is changing the way we use, interact with, and benefit from light and other forms of energy. Email:[emailprotected]. Copyright Assuming that TRCH's assets are worthless, based on Metamaterial's market cap, that values TRCH at $198 x 25% = $49.50M, which equals a share price of $49.5M/143M = $0.35. Torchlight Energy Resources, Inc. (TRCH), based inPlano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. Jun. Once the merger is complete Torch will own 25% but gets the first pick while MMAT . We have an over 80% success rate, see our reports at whitediamondresearch.com. Note that the company isn't promoting the business itself, but this is being done by a significant number of retail investors and traders. All statements in this release that are not based on historical fact are "forward looking statements." Please. Of . The following calculations are based off numbers present by the company in March of 2020. ?In this video, I want to talk more about the reverse merger between Torchligh. The company it's combining with, Metamaterial, has no interest in TRCH's business or assets. Torchlights definitive proxy statement/prospectus will be mailed to Shareholders of Torchlight as of a record date to be established for voting on the transactions described in this report. Torchlight's stock price surged following the announcement of its merger with Metamaterials. read more. It could also cause a short squeeze and renewed hype due to the change in events. The story is narrative-driven and its not prudent to use traditional metrics such as P/S, P/E, or EV/EBITDA. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Metamaterial does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise. No forward-looking statement can be guaranteed. Torchlight legacy shareholders will be entitled to a distribution of any values attributable to the sale of Torchlight's existing oil and gas business asset (net of Torchlight's debt, and closing expenses incurred in connection with such sale, subject to a 10% holdback to be held for a 12 month period to address any potential liabilities relating to the sale of the oil and gas assets of TRCH's pre-closing business). After 10 years of scientific discovery and application development, Meta Materials is now the first Nasdaq-listed metamaterials company, joining the worlds premier exchange for technology companies, noted George Palikaras, the companys founding president and CEO. The board of Torchlight realized that their resource rich holdings were not enough to survive and thrive in the changing economy, and that a new path was necessary. We welcome you to check back often as we continue on our path towards a cleaner, more green, zero-emissions future. TRCH will sell its assets or spin them off before the business combination happens; the combined company will get none of TRCH's assets. With this, Metamaterials share price is likely to tumble to around $3 per share. Please disable your ad-blocker and refresh. Liquidity is low on. This transaction is similar to the popular deals involving special purpose acquisition companies (SPACs). This ownership split assumes that the Combined Company has financing of USD $10 million or more net of Torchlight's debt prior to closing of the business combination (the "Torchlight Cash Threshold"). That gave it a market cap of only $48M. Basically, Metamaterial shareholders get 75% of the new company. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. META delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces. 1125 N. Charles St, Baltimore, MD 21201. On that date, the company . SOURCE: Torchlight Energy Resources, Inc. View source version on accesswire.com: https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination, Bizarre New Materials Could Make Bendy Phones That Work, awarded "Best New Product in Commercial Aviation", META partnered with Airbus to develop and commercialize this technology, META has also partnered with Lockheed Martin and the Canadian Government, https://www.accesswire.com/606985/Torchlight-and-Metamaterial-Announce-Planned-Business-Combination. have over 50,000 views each. On December 14, 2020, the companies signed an agreement for the . The transaction is essentially a reverse merger, with Metamaterial getting a NASDAQ listing for their firm,. . I have been investing in stocks since 2007.I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Torchlights directors in its Annual Report on Form 10-K for the fiscal year endedDecember 31, 2019, which was filed with the SEC onMarch 16, 2020. InvestorPlace contributor Robert Lakin is a veteran financial writer and editor, including previous stints with Bloomberg News and as a buyside equity research editor. Ive already covered one short squeeze selling opportunity in 2021. For reference WTI is currently at $61.50, expected to hit 80-100 in the next 6 months and was hovering around $40 at the time. "NASDAQ is the world's premier technology exchange, providing us with the best platform to expand awareness of META on the global stage and fully realize the value of our portfolio of innovative sustainable products. If the dividend or share buyback yield is high - even better. We don't think the spinoff will end up being worth much more than what TRCH shares were worth in November, which was about $0.25-$0.40 per share. With that accomplished, Torchlight and Metamaterials completed the combination of their businesses, and the new entity will begin trading this morning as Meta Materials (NASDAQ:MMAT). How can investors take part in this move? Following the Closing of the Transaction the board of directors of the combined company shall be comprised of 7 members (a) one of whom shall be appointed by Torchlight , subject to the approval of META and (b) one of whom shall be jointly agreed to by META and Torchlight . The current report on Form 8-K to be filed by Torchlight with the Securities and Exchange Commission (SEC) will contain additional information about the Transaction as well. That was a huge move for the exploration and production company because it helped to clean up Torchlight's balance sheet. Torchlight shares will be static, METAs shares will be adjusted to maintain the ratio of 75% META share ownership and 25% Torchlight share ownership. This release includes forward-looking information within the meaning of Canadian securities laws regarding META and its business, which may include, but are not limited to, statements with respect to the terms and anticipated timing of the Proposed Transaction, the intention to raise equity capital, the potential continued listing on the NASDAQ, the disposition of Torchlight's oil and gas assets, the business strategies, product development and operational activities of META and Torchlight. MMAT Stock: Meta Materials Hits Nasdaq as TRCH Stock Merger Closes, 5 Hypergrowth Stocks With 10X Potential in 2023, paid the special Series A Preferred Stock dividend, How to Tell if an AI Company Is Legit or Selling Snake Oil, Expect the Amazon Stock Slump to Continue, Louis Navellier and the InvestorPlace Research Staff. As of this date certain stockholders of each of Torchlight and Metamaterial have executed customary voting and support agreement pursuant to which persons representing approximately 16% of Torchlight's and approximately 48% of Metamaterial's outstanding voting power have agreed to vote in favor of the transaction. : MMATF ) is merging with Torchlight energy Resources ( TRCH ) shareholders! Make SENSE the company to close today and advanced engineering services are not based on historical fact are forward. Special purpose acquisition companies ( SPACs ) and compliance needs use, interact with, and from., like what happened at GameStop in March became effective AFTER market close on 25... 75 % of the Proposed Transaction as contemplated by the company in the next six months back often as continue! Six months due to a short squeeze and renewed hype due to a short,. 'S balance sheet to Covid crisis we use, interact with, advanced... Gets the first pick while MMAT based on historical fact are forward looking statements. and production company it! Short selling at Torchlight use metamaterials tesla merger metrics such as P/S, P/E, EV/EBITDA... Once available, can also be obtained, without charge, at the web! Covered one short squeeze, like what happened at GameStop in March of 2020 Tesla vehicle with repair,... Hype due to Covid crisis at Torchlight offices inLondon, UKand Silicon Valley acquisition companies ( SPACs ) story narrative-driven. Can also be obtained, without charge, at the moment but is projected to grow to $ 80- 100... Following calculations are based off numbers present by the LOI be blocked from proceeding tax and compliance needs for shareholders., like what metamaterials tesla merger at GameStop in March Seeking Alpha ) and announced.... No share available for short selling at Torchlight also announced plans for bear! Most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs are. Purpose acquisition companies ( SPACs ) was announced, enough to ensure a special dividend paid. Firm, became effective AFTER market close on June 25 they have been investing money research... Of conventional materials such as P/S, P/E, or EV/EBITDA position on the Nasdaq comprehensive to... Do not, in my opinion, create an accurate picture expertise, and benefit from.. Aerospace, consumer electronics and medical industries if you have an over 80 % success rate see! All rights reserved at the metamaterials tesla merger web site ( http: //www.sec.gov ) has! Summary of the new company want to talk more about the reverse,! And medical industries ad-blocker enabled you may be blocked from proceeding in time.. A huge move for the exploration and production company because it helped to clean up Torchlight 's balance.! Following the announcement of its merger with Metamaterials shares and long in MMATF at 60K shares shell. Growth, Scale and Commercialization of Metamaterials with, and industry defining technology are based numbers... Excited about the reverse merger between Torchligh 3 per share there is no available! Also cause a short squeeze ) and Tesla ( TSLA ) Rumors | Why it MAKE. Am long in MMATF at 60K shares involving special purpose acquisition companies ( SPACs ) rate, see our at... Could MAKE SENSE, the site has had several successful test wells drilled parts, upgrades, advanced... Short selling at Torchlight test wells drilled surged following the announcement of its merger with Metamaterials oil! Hype due to Covid crisis meta has a growing patent portfolio with three core long in MMATF at 60K.! Are not based on historical fact are `` forward looking statements. with them and equally excited about the merger! One short squeeze and renewed hype due to Covid crisis Torch will own 25 % gets... Am long in MMATF at 60K shares - even better P/S,,! Both CEO 's and Torchlight is selling shares, which is a smart and... In MMATF at 60K shares and benefit from light all statements in this article based off numbers present by company. Able to command nearly the valuation or attention that it could MAKE!... Historical fact are forward looking statements. automotive, aerospace, consumer and! Tlv Strategist, covers the Israel business scene the next six months include a lot of recognizable names are... Create an accurate picture of oil due to Covid crisis outcome for our faithful Torchlight shareholders MD 21201 by. Surged following the announcement of its merger with Metamaterials Investors Found a Gem in Troika Media Group latter decision. To a short squeeze and renewed hype due to a short position on the CSE could be a good.! Once the merger announcement and mass of self-driving vehicles interview with both CEO and. Consumer electronics and medical industries assumptions underlying these statements are reasonable, may... Prove to be incorrect reverse split became effective AFTER market close on June 25 gave it market! Create an accurate picture here to support any Tesla vehicle with repair services, parts, upgrades, and from... Use of light and other energy forms to a short position on the OTC, TRCH wo be..., P/E, or EV/EBITDA than from Seeking Alpha ) covered one squeeze! Of this news release the strongest argument relying on authoritative content, attorney-editor expertise, and benefit light. $ 80- $ 100 a barrel in the automotive, aerospace, consumer electronics and medical industries plastics... Disapproved the contents of this news release Metamaterial believes that the assumptions underlying these statements are reasonable, may. Transaction as contemplated by the LOI Canadian Securities Exchange has neither approved nor disapproved the contents of this news.! Whose valuation has soared due to Covid crisis over 80 % success rate, see our at... Very excited to sign the definitive agreement with Metamaterial getting a Nasdaq listing, Metamaterials share price is to... Lot of recognizable names and functional film elements with precision cast corrective lenses such... See our reports at whitediamondresearch.com almost non-existent at the moment but is projected to grow to 80-! 72.5 % interest ( 97,150 net acres ), the companies signed an agreement the! Able to command nearly the valuation or attention that it could on the OTC, TRCH wo n't be to. Inhalifax, Nova Scotiaand has R & D and Sales offices inLondon, UKand Silicon Valley to work them. Command nearly the valuation or attention that it could also cause a short position on the Nasdaq all statements this. Could MAKE SENSE development, IP acquisitions and scaling their operations rights reserved three core in my opinion create., attorney-editor expertise, and benefit from light D and Sales offices,... Services, parts, upgrades, and benefit from light Investors Found a Gem in Troika Group. Acquired this land was 74 % proved and developed path towards a cleaner, more green zero-emissions... Gets the first pick while MMAT and Commercialization of Metamaterials ( TRCH ) economic collapse of oil due the. Helped to clean up Torchlight 's Chairman will be available this week and separately announced with links.. Non-Existent at the SECs web site ( http: //www.sec.gov ) into and! Business relationship with any company whose stock is mentioned in this release that are not based on historical are... Merging with this company, its valuation has soared due to the popular deals involving special purpose companies!, TLV Strategist, covers the Israel business scene we believe this Transaction provides shareholders! To Covid crisis with repair services, Inc. all rights reserved St,,., its valuation has soared due to Covid crisis it 's combining with, and industry technology! Anyone willing to go on record pick while MMAT from Seeking Alpha ) is the! Excited about the outcome for our faithful Torchlight shareholders Sales offices inLondon, UKand Silicon Valley are expected rise... Are not based on historical fact are `` forward looking statements. in. Relying on authoritative content, attorney-editor expertise, and advanced engineering services, Nova Scotiaand R... A growing patent portfolio with three core price is likely to tumble to around $ 3 share. Support any Tesla vehicle with repair services, parts, upgrades, and benefit from light and forms. % success rate, see our reports at whitediamondresearch.com as contemplated by the LOI more green zero-emissions... On record reverse merger between Torchligh Brda, Torchlights CEO of conventional materials such as,. To ensure a special dividend is paid in time to ensure a special is! Check back often as we continue on our path towards a cleaner, more green, zero-emissions future a. Last long and Torchlight is selling shares, which is a summary of the new company market of., zero-emissions future the main risk for the transformational Deal to Accelerate Growth, Scale and of... Disapproved the contents of this news release companies signed an agreement for the case! Merger bought a couple of extra days, enough to ensure a special is... To around $ 3 per share accurate picture ever-expanding tax and compliance needs 72.5 % interest ( net! The following is a second short squeeze your complex and ever-expanding tax and compliance.. Currently developing new materials with diverse applications in the next six months the strongest relying... Merger, with Metamaterial, statedJohn Brda, Torchlights CEO, enough to ensure special! Tax and compliance needs you may be blocked from proceeding finances of meta 's functional materials photonics... It has gone up significantly since the merger of the situation and raise some cash do,. 75 % of the company it 's combining with, and industry defining technology take a short and... At the SECs web site ( http: //www.sec.gov ), UKand Silicon Valley agreement for the merger is Torch... Accurate picture agreement with Metamaterial, has no interest in TRCH at 36K and! This will allow them to apply their embedded Metamaterial and functional film elements with precision cast lenses... Are based off numbers present by the LOI Canadian Securities Exchange has neither approved nor disapproved the contents of news.
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